BWR Exploration Inc. (TSXV:BWR) announced a non-brokered private placement of up to 6,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 300,000 on August 10, 2020. Each unit consists of one common share and one-half common share purchase warrant. Two one-half warrant will comprise of one common share purchase warrant of the company. Each full warrant will expire 36 months from the date of closing of the transaction. Each full warrant can be entitled to purchase additional common share at an exercisable price of CAD 0.075 per full warrant share for a period of 24 months and at an exercisable price of CAD 0.10 per full warrant share for a period of 24 months and one day until the full warrant expiry date from the date of closing of the transaction. The company may pay finder fees of cash commission of up to 8% of the gross proceeds and broker warrants in an amount of up to 8% of the total number of units issued under the transaction. Each broker warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.075 per share for a period of 24 months from the date of issue. All the securities issued in the transaction subject to a hold period of four month and one day from the closing of the transaction. The transaction is subject to an approval from TSX Venture Exchange and regulatory approval and transaction may complete in several tranches.